Ingredion Inc (N:INGR)
Business Focus: Food Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 5 Westbrook Corporate Ctr WESTCHESTER IL 60154-5749 |
| Tel: | N/A |
| Website: | https://www.ingredion.com |
| IR: | See website |
| Key People | ||
| James P. Zallie President, Chief Executive Officer, Director | Davida M. Gable Vice President, Corporate Controller | James D. Gray Chief Financial Officer, Executive Vice President |
| Nancy Wolfe Chief Human Resource Officer, Senior Vice President | Tanya Jaeger De Foras Senior Vice President, Chief legal Officer, Chief Compliance Officer, Corporate Secretary | Valdirene Bastos-Licht Senior Vice President, President - Global Texture Solutions |
| Larry Fernandes Senior Vice President, Chief Commercial and Sustainability Officer | Michael O'Riordan Senior Vice President - Texture & Healthful Solutions, EMEA and Asia-Pacific | Rob Ritchie Senior Vice President - Food & Industrial Ingredients, LATAM and U.S./Canada | Eric Seip Senior Vice President, Global Operations, Chief Supply Chain Officer |
| Business Overview |
| Ingredion Incorporated is a global ingredients solutions provider that transforms grains, fruits, vegetables, and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. It develops, produces, and sells a variety of food and beverage ingredients, primarily starches and sweeteners, for various industries. It operates through four segments: North America, South America, Asia-Pacific, and Europe, Middle East and Africa (EMEA). Its products are derived primarily from the processing of corn and other starch-based materials, such as tapioca, potato, and rice. Its product lines include starches and sweeteners, animal feed products and edible corn oil. The starch-based products include both food-grade and industrial starches, as well as biomaterials. The sweetener products include glucose syrups, high maltose syrups, high fructose corn syrup, caramel color, dextrose, maltodextrins, and glucose and syrup solids. |
| Financial Overview |
| For the three months ended 31 March 2024, Ingredion Inc revenues decreased 12% to $1.88B. Net income increased 13% to $216M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Financing costs decrease of 41% to $19M (expense). Dividend per share increased from $0.71 to $0.78. Basic Earnings per Share excluding Extraordinary Items increased from $2.89 to $3.29. |
| Employees: | 11,600 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $9,235M as of Mar 31, 2024 |
| Annual revenue (TTM): | $7,905M as of Mar 31, 2024 |
| EBITDA (TTM): | $1,111M as of Mar 31, 2024 |
| Net annual income (TTM): | $668.00M as of Mar 31, 2024 |
| Free cash flow (TTM): | $814.00M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $1,436M as of Mar 31, 2024 |
| Shares outstanding: | 65,647,485 as of May 6, 2024 |
| Index Membership: | S&P 400 Mid Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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